| Disaggregation of Revenues and Segment Reporting [Text Block] |
NOTE 3– DISAGGREGATION OF REVENUES AND SEGMENT REPORTING
The Company operates through three reportable segments: Systems and Aftermarket, Filters and Membranes, and Components. Each segment comprises multiple sub-segments that leverage a shared production infrastructure and centralized supporting functions. The Company’s Chief Operating Decision-Maker (“CODM”) is Executive Management, consisting of the Chief Executive Officer, and Chief Financial & Operating Officer. Revenue information at both the segment and sub-segment levels is reviewed regularly as part of daily operational management. Profitability and asset information is available and evaluated at the segment level on a monthly basis. Resource allocation decisions are made at the segment level and are assessed on a quarterly basis.
The Company sells products throughout the world, and sales by geographical region are as follows for the three and six months ended June 30, 2026 and 2025:
| | | For the Three Months | | | For the Six Months | |
| | | Ended June 30, | | | Ended June 30, | |
| Revenues | | 2026 | | | 2025 | | | 2026 | | | 2025 | |
| Americas | | $ | 452,774 | | | $ | 1,252,870 | | | $ | 703,576 | | | $ | 3,486,771 | |
| Asia-Pacific | | | 1,012,125 | | | | 376,413 | | | | 1,637,678 | | | | 510,868 | |
| Europe | | | 2,898,853 | | | | 3,205,345 | | | | 6,158,818 | | | | 5,454,530 | |
| Middle East & Africa | | | - | | | | 122,861 | | | | - | | | | 122,861 | |
| Total revenue | | $ | 4,363,752 | | | $ | 4,957,489 | | | $ | 8,500,072 | | | $ | 9,575,030 | |
The Company’s reportable segment information for the three and six months ended June 30, 2026 and 2025 were as follows:
| | | For the Three Months | | | For the Six Months | |
| | | Ended June 30, | | | Ended June 30, | |
| Revenues | | 2026 | | | 2025 | | | 2026 | | | 2025 | |
| Systems and Aftermarket | | $ | 2,408,368 | | | $ | 2,442,696 | | | $ | 4,197,663 | | | $ | 5,136,418 | |
| Filters and Membranes | | | 1,041,613 | | | | 1,299,412 | | | | 2,348,612 | | | | 2,253,258 | |
| Components | | | 913,771 | | | | 1,215,381 | | | | 1,953,797 | | | | 2,185,354 | |
| Corporate | | | - | | | | - | | | | - | | | | - | |
| Total revenues | | $ | 4,363,752 | | | $ | 4,957,489 | | | $ | 8,500,072 | | | $ | 9,575,030 | |
| | | For the Three Months | | | For the Six Months | |
| | | Ended June 30, | | | Ended June 30, | |
| Cost of goods sold | | 2026 | | | 2025 | | | 2026 | | | 2025 | |
| Systems and Aftermarket | | $ | 1,865,188 | | | $ | 1,870,609 | | | $ | 3,154,401 | | | $ | 4,029,736 | |
| Filters and Membranes | | | 1,219,614 | | | | 1,637,245 | | | | 2,741,388 | | | | 3,138,315 | |
| Components | | | 913,411 | | | | 963,905 | | | | 1,845,000 | | | | 1,794,290 | |
| Corporate | | | - | | | | 1,152 | | | | - | | | | 3,055 | |
| Total cost of goods sold | | | 3,998,213 | | | | 4,472,911 | | | | 7,740,789 | | | | 8,965,396 | |
| | | For the Three Months | | | For the Six Months | |
| | | Ended June 30, | | | Ended June 30, | |
| Operating expenses | | 2026 | | | 2025 | | | 2026 | | | 2025 | |
| Systems and Aftermarket | | $ | 855,134 | | | $ | 655,462 | | | $ | 1,638,769 | | | $ | 1,266,949 | |
| Filters and Membranes | | | 466,279 | | | | 421,614 | | | | 914,092 | | | | 787,974 | |
| Components | | | 383,872 | | | | 287,082 | | | | 756,979 | | | | 541,239 | |
| Corporate | | | 992,071 | | | | 1,230,289 | | | | 2,058,469 | | | | 2,308,670 | |
| Total operating expenses | | | 2,697,356 | | | | 2,594,447 | | | | 5,368,309 | | | | 4,904,832 | |
| | | For the Three Months | | | For the Six Months | |
| | | Ended June 30, | | | Ended June 30, | |
| Other Expenses | | 2026 | | | 2025 | | | 2026 | | | 2025 | |
| Systems and Aftermarket | | $ | 20,255 | | | $ | 193,595 | | | $ | 43,029 | | | $ | 259,546 | |
| Filters and Membranes | | | 23,192 | | | | 31,146 | | | | 45,554 | | | | 121,123 | |
| Components | | | 6,581 | | | | 2,443 | | | | 8,893 | | | | 5,693 | |
| Corporate | | | 670,220 | | | | (175,907 | ) | | | 1,071,039 | | | | (161,733 | ) |
| Total other expenses | | | 720,248 | | | | 51,277 | | | | 1,168,515 | | | | 224,629 | |
| | | For the Three Months | | | For the Six Months | |
| | | Ended June 30, | | | Ended June 30, | |
| Net loss | | 2026 | | | 2025 | | | 2026 | | | 2025 | |
| Systems and Aftermarket | | $ | (332,209 | ) | | $ | (276,970 | ) | | $ | (638,536 | ) | | $ | (419,813 | ) |
| Filters and Membranes | | | (667,472 | ) | | | (790,593 | ) | | | (1,352,422 | ) | | | (1,794,154 | ) |
| Components | | | (390,093 | ) | | | (37,689 | ) | | | (657,075 | ) | | | (155,169 | ) |
| Corporate | | | (1,661,921 | ) | | | (1,055,534 | ) | | | (3,128,761 | ) | | | (2,149,992 | ) |
| Total net loss | | | (3,051,695 | ) | | | (2,160,786 | ) | | | (5,776,794 | ) | | | (4,519,128 | ) |
| | | As of | |
| | | June 30, | | | December 31, | |
| Total assets | | 2026 | | | 2025 | |
| Systems and Aftermarket | | $ | 10,182,207 | | | $ | 10,210,357 | |
| Filters and Membranes | | | 9,041,440 | | | | 10,139,656 | |
| Components | | | 1,734,710 | | | | 1,942,818 | |
| Corporate | | | 16,988,735 | | | | 4,985,266 | |
| Total assets | | $ | 37,947,092 | | | $ | 27,278,097 | |
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